Announcing that they are reducing the production guidance for December has not been good timing.
The effects of Nio day will be drowned out by this now I believe.
A break down of the channel now is confirmed and it is possible we'll see a retest and rejection of the channel for confirmation before it moves down further.
$TSLA is also down -6% in PM now, this only adds to $NIO's issues.
Sid
2022-12-28 16:22:44 +0000 UTCTheLuxeon
2022-12-27 12:46:13 +0000 UTC